October 17, 2011
— Monty
The bad news? DOOM. The really bad news? Even more DOOM. The sovereign debt crisis has made bonds a lousy investment choice now and perhaps for many years to come. But equities will be under pressure as well as the Boomers continue their retirement and begin to sell the assets in their 401(k) and IRAs -- they will be selling their stocks into a buyerÂ’s market, driving prices for equities down. And if national growth slows in the way I think it will over the next decade or two, businesses will not be able to make up for weak stock performance with higher earnings or corporate growth. But wait, thereÂ’s more! While all this is going on, the healthcare and Social Security bombs will be in the process of going off. But wait, there's more! If Americans become savers again, that puts a huge hurt on our consumption-based economy, with no offsetting export business to make up the loss.
If America has one trait that has stayed with us through good times and bad, it is our habit of thinking that prosperity is our birthright. Almost from the very start, America has been a cornucopia to most of her citizens, and a beacon to the rest of the world. But nothing is forever, and many Americans have forgotten that it is the effort of America’s citizens -- our industry, our creativity, our willingness to work and build -- that has made America what it is. The work-ethic used to be a signature trait of Americans, but that trait has bled away over the decades as the all-smothering State engulfs us. The State murmurs soothingly that it will not allow us to fail; we do not understand that this also means that many of us cannot succeed. (For striving brings with it the possibility of failure, does it not? Better not to strive at all, the State seems to say.) Freedom means choices and alternatives and risk -- freedom, in a very fundamental way, brings the risk of failure along with it. Freedom without risk is not freedom at all; it is a sham, a carnival ride where the State makes sure you are belted and padded and protected...but also prevented from going and doing what you wish. Perfect safety means perfect tyranny, a slavery no less absolute for being of our own making. (I often wonder: if the choice came down to being freer but less prosperous, would Americans make that choice? Or would they continue the Statist march to disaster, all in the name of being “safe”?) Benjamin Franklin’s epigram “They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety” has never been as trenchant as it is now.
Things are bad; can they get any worse? Of course things can get worse. The fact that we think things are about as bad as they can get only serves to prove that our generation has never lived through really tough times. Ask a dustbowl Okie who lived through the depths of the Depression, or a Jew or Soviet conscript who lived through the worst of World War II, if things can get worse.
The worm at the heart of the Keynesian apple.
But theyÂ’re not anti-American! ThatÂ’s just crazy talk. This is just good honest dissent, right here, and we all know that dissent is the highest form of patriotism. Or something.
The army of the unemployed. It took us a long time to create this problem: weÂ’ve spent decades running up unsustainable debt, training young people with the wrong skills, drowning our productive population in an ocean of regulatory red tape, and transforming colleges from institutions of higher learning into leftist propaganda factories. ItÂ’s going to take an equally long time to fix this mess. But the rest of the world isnÂ’t going to stand around idle while we try and get our s**t together.
Jesse Jackson, Jr.: threat or menace? HeÂ’s a dullard and as innocent of basic economics as a stone, but thatÂ’s par for the course among the American left these days.
G20 to Eurozone: YouÂ’ve got six days to do the impossible. Eurozone to G20: IÂ’m sorry, I canÂ’t hear you over the strikes and riots. Can you repeat that?
Good news, everyone! The Federal government spends $7 for every $4 that it takes in! Hey, wait a minute...thatÂ’s not good news at all!
CaliforniaÂ’s ridiculous revenue projections proven to be ridiculous. California taxpayers and politicians will express gobsmacked amazement and then continue to do the same stupid s**t that got them into this mess in the first place.
"IÂ’d like to answer that question without actually, you know, answering the question. Or without even actually addressing the issue you were interrogating me about. Instead, I will pretend that you asked a question you didnÂ’t actually ask and answer that question instead." [Paraphrase]
The question is not “if” Greece is going to default; the questions are “when” and “how”.
Electric cars have been “the future” for about as long as I’ve been alive, but I’ve never understood either the economics or the ergonomics of them. They make no sense except in a very few specialized areas, and their high costs more than offset whatever marginal savings in energy-costs an owner might realize. They also fail the most basic requirement of an automobile: reliable transport.
More mass layoffs in the pipeline? But hey, OWS dumbasses: it's a bunch of Wall Street types, so that ought to make you happy, right?
Apparently, amongst my many other outrages to Democrat dignity, now I want women to die on the floor. I think Dame Pelosi misunderstood me: I said I want women to lie on the floor, because my sciatica is acting up and I find it difficult to climb into my monstrous King-sized bed to ravish them.
Old and busted: “Saved or created.” New hotness: “Supported”. Kind of like a jockstrap -- if you can’t be an athlete, be an athletic supporter!
The GOP offers their own jobs plan. It wonÂ’t go anywhere, but...at least theyÂ’re showing up at work, right?
ItÂ’s true that housing prices are going to have to come to some kind of market equilibrium before we can start clearing the backlog. But it does not follow that government-mandated cramdowns are the way to do it -- in fact, event apart from the dubious legality of such a move, it would be too prone to graft and corruption (as all such government programs are: see Cash for Clunkers, TARP, and the sweetheart loan to now-bankrupt Solyndra). If this story seems like a re-run from 2010, by the way, it is (remember HAMP?). Obama was never one to let utter failure deter him from his ideological goals. Also: imagine my shock that the author Feldstein is another tenured Haaaavahd economist. The Administration must buy these guys in giant economy-packs at Academics-R-Us.
Silicon Valley will not save us.
Hey, IÂ’m not gloating at the EurozoneÂ’s impending collapse. But I did correctly anticipate this unfolding disaster more than a decade ago. Well...okay. Maybe IÂ’m gloating. A little. IÂ’m not proud of it.
High debt and low growth is deadly. Nations have been spending with profligate abandon on the assumption that the highly-atypical growth rates of the postwar era were going to continue indefinitely. Well, growth has slowed all across the developed world and all that debt is coming due at the worst possible time.
Oh, Nouriel, you wound me. You strike at my heart, you Socialist-spouting lout.
Karl Marx oversold socialism, but he was right in claiming that globalization, unfettered financial capitalism, and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct. As he argued, unregulated capitalism can lead to regular bouts of over-capacity, under-consumption, and the recurrence of destructive financial crises, fueled by credit bubbles and asset-price booms and busts.YouÂ’re dead to me, Dr. Doom. Dead!
Seriously, though -- this obsession about “equality” in an economic sense is wasted mental effort. Equality of opportunity is all around us; equality of outcome is impossible, given the vagaries of fate and the innate differences between human beings of different skills and abilities. If everyone had equal skills and equal opportunity, then no economy would be necessary because we could all just make our own stuff. Bubbles, booms, busts, crises, panics, and downturns are a fact of life on this planet; no economic system will ever get rid of them. The “anglo-saxon” model of market capitalism has proven to be the most successful economic system ever invented. That doesn’t mean it’s without fault -- it just means it’s better than anything else we know of.
Gibson Guitars: We may have to move some of our production overseas. Obama is creating jobs, as it turns out...overseas.
While our youngsters embarass themselves by “occupying” various locales for reasons not even they can clearly explain, young people in China are doing important and cutting-edge stuff. Like creating a ping-pong playing robot. Gentlemen, I will not tolerate a ping-pong playing robot gap!
In China, the loan-sharks are circling.
CaliforniaÂ’s public employee unions still not quite understanding that the world has changed.
You know your city has become a hellhole when....
Speaking of hellholes.... Camden, NJ: Where even hookers and drug-dealers have trouble turning a profit.
Some chart-fu about our health-care productivity problem.
Four reasons the mortgage mess wonÂ’t get fixed. And since a sustained recovery depends on recovery of the housing sector..... DOOM.
Daryl Jones at Fortune advises Europe to embrace the suck.
ItÂ’s almost as if ObamaCare was thrown together by a bunch of people who really didnÂ’t give much of a s**t as to whether the whole thing was actually affordable. ItÂ’s almost as if they were ramrodding a ruinous program down AmericaÂ’s throat for crass political gain.
GOP to Democrats: “You are going to eat the CLASS Act s**t-sandwich. In public. With no ketchup.”
Posted by: Monty at
04:41 AM
| Comments (177)
Post contains 1706 words, total size 15 kb.
Last week some mention was made regarding the Baltic Dry index being on the upswing....not so much.
Five year graph of Baltic Dry index shows the devastation in that metric.
Posted by: Pierre at October 17, 2011 04:52 AM (1F5Lx)
Posted by: DiogenesLamp at October 17, 2011 04:53 AM (t3mKS)
Posted by: Vic at October 17, 2011 04:57 AM (M9Ie6)
Posted by: Skookumchuk at October 17, 2011 05:06 AM (btzPD)
Deadbeat state: Ill. owes billions in unpaid bills
They have turned it into an art form of sorts there. Read it and weep (or laugh, as I get to as a former Illannoying).
Posted by: GnuBreed at October 17, 2011 05:07 AM (ENKCw)
Jackson called for full government employment of the 15 million unemployed and said that Obama should “declare a national emergency” and take “extra-constitutional” action “administratively” — without the approval of Congress — to tackle unemployment.
“I hope the president continues to exercise extraordinary constitutional means, based on the history of Congresses that have been in rebellion in the past,” Jackson said. “He’s looking administratively for ways to advance the causes of the American people, because this Congress is completely dysfunctional.”
but he isn't the only one saying this out loud, we've been hearing this for a few months from the dem party
Posted by: willow at October 17, 2011 05:10 AM (h+qn8)
Posted by: Asscheeks of Saturn at October 17, 2011 05:13 AM (le5qc)
Posted by: Oldsailor's poet, Brewers fan at October 17, 2011 05:17 AM (ZDUD4)
Posted by: phoenixgirl at October 17, 2011 05:19 AM (eOXTH)
Like father like son huh. The only reason either one of these assholes has any influence is the MFM. Most blacks really don't give a shit about him or his daddy.
Posted by: Vic at October 17, 2011 05:22 AM (M9Ie6)
Posted by: Waterhouse at October 17, 2011 05:23 AM (eHr/6)
Posted by: Oldsailor's poet, Brewers fan at October 17, 2011 05:25 AM (ZDUD4)
Posted by: Waterhouse at October 17, 2011 09:23 AM (eHr/6)
More DOOM = longer DOOM posts. At this rate it'll be Ace of DOOM HQ by the end of the year...
Posted by: Insomniac at October 17, 2011 05:25 AM (DrWcr)
Posted by: Honey Badger at October 17, 2011 05:26 AM (GvYeG)
Posted by: cherry pi at October 17, 2011 05:27 AM (OhYCU)
Popping in to shamelessly promote my latest blog post, "A Tale of Two Occupations" is up:
Â…most of America has been watching in disgust as you and your friends wallow in filth just a few blocks from the site of the World Trade Center memorial, insisting that your First Amendment rights take precedence over everyone elseÂ’s while demanding that you be allowed to continue acting this way indefinitely.
You and your friends are perfectly willing to seek shelter under the protective umbrella of the United States Constitution, while at the same time doing your level best to start a revolution which you hope will tear down the very system that affords you those liberties in the first place.
Posted by: Teresa in Fort Worth, TX at October 17, 2011 05:27 AM (0xqzf)
Posted by: willow at October 17, 2011 05:30 AM (h+qn8)
Posted by: Lemon Kitten at October 17, 2011 05:30 AM (O7ksG)
Posted by: FlaviusJulius at October 17, 2011 05:31 AM (ieDPL)
Posted by: Oldsailor's poet, Brewers fan at October 17, 2011 05:31 AM (ZDUD4)
Don't believe socialism is a religion? They treat Marx with more reverence than Mormons treat Joseph Smith.
At least Joseph Smith had to deal with skeptics. Marx was wrong about EVERYTHING. But they just can't quit that 19th century second-rate academic who blew 2 inheritances.
Posted by: AmishDude at October 17, 2011 05:32 AM (T0NGe)
Posted by: MWR, Proud Tea(rrorist) Party Hobbit at October 17, 2011 05:32 AM (4df7R)
Posted by: willow at October 17, 2011 09:30 AM (h+qn
Careful, or the EPA might come breaking down your door for unauthorized storage of deadly greenhouse gases.
Posted by: Insomniac at October 17, 2011 05:33 AM (v+QvA)
Posted by: Honey Badger at October 17, 2011 05:35 AM (GvYeG)
Posted by: Honey Badger at October 17, 2011 05:35 AM (GvYeG)
Brigham Young was really their foundation. The lefties need a rational hero, Marx, Che, and Mao are a bad examples to follow.
Posted by: Jean at October 17, 2011 05:37 AM (WkuV6)
Posted by: Oldsailor's poet, Brewers fan at October 17, 2011 05:39 AM (ZDUD4)
Posted by: Sub-Tard at October 17, 2011 05:39 AM (0M3AQ)
Posted by: Swanny at October 17, 2011 05:39 AM (3MKIW)
Posted by: FlaviusJulius at October 17, 2011 05:41 AM (ieDPL)
Posted by: Oldsailor's poet, Brewers fan at October 17, 2011 05:45 AM (ZDUD4)
insisting that your First Amendment rights take precedence over everyone elseÂ’s
Equality under the Law vs. Social Justice
Posted by: didn't take long at October 17, 2011 05:46 AM (lpWVn)
Posted by: Oldsailor's poet, Brewers fan at October 17, 2011 05:47 AM (ZDUD4)
Posted by: FlaviusJulius at October 17, 2011 05:48 AM (ieDPL)
Posted by: Hussein the Plumber at October 17, 2011 05:50 AM (jx2j9)
Posted by: Hussein the Plumber at October 17, 2011 05:51 AM (jx2j9)
Posted by: FlaviusJulius at October 17, 2011 05:52 AM (ieDPL)
Posted by: FlaviusJulius at October 17, 2011 05:55 AM (ieDPL)
Posted by: Teresa in Fort Worth, TX at October 17, 2011 05:57 AM (0xqzf)
Posted by: Hussein the Plumber at October 17, 2011 05:57 AM (jx2j9)
Posted by: Oldsailor's poet, Brewers fan at October 17, 2011 06:00 AM (ZDUD4)
Posted by: Hussein the Plumber at October 17, 2011 09:51 AM (jx2j9)<<< Last time I checked, over 25 million of them already have. Of course, they never really had the chance to BECOME women, and those mean old Republicans want to make it so that more of them can't be killed, but those are mere technicalities to SanFranNan and her bunch.....
Posted by: Teresa in Fort Worth, TX at October 17, 2011 06:02 AM (0xqzf)
Posted by: Hussein the Plumber at October 17, 2011 06:05 AM (jx2j9)
Posted by: Peppers peeper at October 17, 2011 06:05 AM (4j3QD)
No, there's still a link to something Pelosi said. That can't possibly be considered a "good" link.
Posted by: Mama AJ at October 17, 2011 06:08 AM (XdlcF)
The State murmurs soothingly that it will not allow us to fail; we do not understand that this also means that many of us cannot succeed.
If I do not take responsibility for my failures, then I cannot claim my successes. No one, absolutely no one, is going to take my success from me. If that means that sometimes, hell, many times, I am going to fall flat on my face, so be it.
Posted by: alexthechick at October 17, 2011 06:08 AM (VtjlW)
You're right Teresa. The left are trying to pin a mass of absurd crimes against humanity on the right and they aren't being called on it except by the still little voice of alternative media. They are purposely dividing this country to salvage their morally bankrupt party. This won't end well. Whether a few or many, people will die to have this crap settled, imo.
Posted by: Hussein the Plumber at October 17, 2011 06:10 AM (jx2j9)
Teresa, that was excellent and moving. You really nailed it. I'm so disgusted with these anti-American losers that I really don't possess adequate vocabulary to express what I feel. My own rage bubbles within me at the sight of these freaks and my acknowledgement that there are millions of useful idiots like this who have been so bamboozled, so lied to by the media and academia. I truly wonder how and if our country will ever heal and reclaim her once-great status.
And RIP Lt. Cathey. What a moving picture.
Posted by: Lady in Black at October 17, 2011 06:10 AM (ycuSb)
Yep, he will use "paid back" tarp funds which is blatantly illegal. This is the same shit FDR did in 1936. He was way behind in polling because of the shitty economy.
After bribing key States with federal funds and twisting arms of local Dem Party machines he won the biggest electoral landslide in history.
Never count out pure corruption.
Posted by: Vic at October 17, 2011 06:11 AM (M9Ie6)
They never, ever give up.
Papa Ray
Posted by: Papa Ray at October 17, 2011 06:12 AM (mvDLt)
Posted by: alexthechick at October 17, 2011 10:08 AM (VtjlW)
You don't fall flat on your face.....you strategically inspect the floor.
Posted by: Tami-Cardinals! at October 17, 2011 06:13 AM (X6akg)
Revisionism erases the inconvenient truth of documented records as history.
Marx made it famous. Once upon time, Mormons prided themselves with direct revelation from God to Joseph Smith to be communists. The United Order. Give all your material possessions to the prophet, and receive back through his delegates (bishop lay appointments as god's chosen over a ward) that which you "need" according to your abilities. Living the United Order was a revelatory requirement for celestial glory, along with practicing polygamy based on blood covenant oaths requiring the lives of oath breakers.
Given Perry's dealings with the fundamentalist Mormons, don't expect anything different from Romney and "modern" Mormons who eschew their own history so much, they've revised it all and lead the attack on so-called "apostates" who never forfeited the Mormonism heritage.
Today's young adult Mormon missionary still sells Joseph Smith, but the revised story based on the conference series of popular vote. That today's young adult Mormon believes that the current revised story is the original story provides an example to note.
The other day, Black Orchid noted the "wiggle room" Mormons have on abortion. Only via revisionism given members doing it, and the hierarchy all too willing to keep up with modernity so long as they maintain their hold on their members/income. And therein, how does their doctrine explain why abortion might be legitimate when each embryonic conception houses the body of a divine god spirit that even their missionaries "discuss" with potential member "investigators"? Rationalization bent on avoiding the appearance of evil could delve into eugenics when push comes to shove demanding an explanation. Why offer a spirit an (unworthy) imperfect human body when a Mulligan is PC in the modern world via abortion on a poorly conceived "good try" that requires a new approach. But rather, just don't mention the uncomfortable.
Out with the old, in with the new so long as the pyramid power structure remains intact, authoritarians clutching what is acceptable and mandatory to think and do. There is no venue and no tolerance for dissent, ultimately only excommunication. The more things change, the more they stay the same.
Posted by: didn't take long at October 17, 2011 06:23 AM (lpWVn)
Posted by: DarkLord© sez Obama is a stuttering clusterf--- of a miserable failure
Oh, and F--- Nevada! at October 17, 2011 06:24 AM (GBXon)
Posted by: Empire of Jeff at October 17, 2011 06:24 AM (vzFJV)
Posted by: Empire of Jeff at October 17, 2011 06:25 AM (XE2Oo)
Posted by: mike at October 17, 2011 06:25 AM (JReQl)
Posted by: I'm in a New York state of mind at October 17, 2011 06:28 AM (4sQwu)
Posted by: FlaviusJulius at October 17, 2011 06:29 AM (ieDPL)
Posted by: Empire of Jeff at October 17, 2011 06:30 AM (vzFJV)
I don't know how stupid Obama is anymore after endorsing the OWS movement. It'll surely bite him.
We talked about the MLK statue in our history class today and most ple did not like it by the way. I was not surprised it was made by a chinese mao artist. It looks intimidating.
Posted by: Flapjackmaka at October 17, 2011 06:31 AM (a3qEb)
You don't fall flat on your face.....you strategically inspect the floor.
Yes. Yes, that's it exactly.
Posted by: alexthechick at October 17, 2011 06:32 AM (VtjlW)
I see a flaw in your plan - the OWSers expect everything for free. "Hey look, food just showed up, exactly like when mom makes it at home".
Posted by: Waterhouse at October 17, 2011 06:32 AM (eHr/6)
What a contrast. DOOM by the truckload here, and a sparkly, rainwashed October morning patiently waiting outside.
No brainer there.
Have an excellent day, good people.
Posted by: irongrampa at October 17, 2011 06:33 AM (SAMxH)
Posted by: Occupy Wall Street at October 17, 2011 10:26 AM (136wp)
Sure, what's the URL for your signup form? Can you email it to my Blackberry?
Posted by: Empire of Jeff at October 17, 2011 10:30 AM (vzFJV)
I'll have to vet you, first. Can you follow someone without question whose full motives you don't know?
Posted by: Occupy Wall Street at October 17, 2011 06:33 AM (136wp)
Posted by: Empire of Jeff at October 17, 2011 06:33 AM (0yt4x)
Speaking of fail, no clue what happened to the format of my comment above.
I like how Insty keeps poking at the OWS idiots for not occupying Hollywood. After all, Hollywood accounting makes the mafia blush.
Oh and Monty I'm totally gloating over the Eurozone crash. Then again, I am not a better person.
Posted by: alexthechick at October 17, 2011 06:36 AM (VtjlW)
The United States became a superpower and the richest nation on Earth because of democratic policies aimed at creating a level economic playing field. Basically, between 1940 and 1970, we were doing splendidly, but then in comes Tricky Dick, and then Reagan, followed by 2 Bushes all of whom dismantled our middle class and effectively destroyed America for most of us.
I'm not saying Obama is the cure, he's not been so far, but sometimes doing nothing is better than doing something, especially when doing something will only make a bad situation worse. Our problems may have to wait until 2016 to be honest, because no one I see on either side is the right person to fix this mess.
Thank you, John, wise beyond your 12th birthday.
Posted by: LC LaWedgie at October 17, 2011 06:36 AM (0It32)
Well, I have a Droid, what about me? Someone better pay for a free app for my platform. Damn Wall Street Bankers.
Posted by: Occupy Wall Street at October 17, 2011 06:37 AM (136wp)
That pretty much makes all of them then.
Posted by: Vic at October 17, 2011 06:38 AM (M9Ie6)
Right now it is China which is going to become our economic overlords - that is never going to happen. China has a bunch of structural and cultural problems that are simply insurmountable - the foremost is - hello they're a Communist country and that never works - ever. If our problems stem from our flirtation with Socialism - what kind of internal problems do you think that a Communist country has? Communism is designed to destroy exactly the people necessary to make an economy work. As Solzhenitsyn said "The Gulags were not an unfortunate side effect of Communism - the Gulags were the whole point of Communism."
So if not them who? Europe? If you think we have Socialism induced problems, and we do, go look at Europe. In fact what ever problems we have - the Europeans have worse. Think we have a stifling bureaucracy? Go study European bureaucracies - they have the Patent on stifling. You do realize that ISO-9000 has nothing to do with quality don't you? It was just an attempt to keep American companies out of the European market by creating huge amounts of paperwork and red tape.
India? An unbroken 5000 year history of consistent economic failure and they're going to turn into Scrooge McDuck? Oh Please. You think we have problems? Take all of our problems and drop a Caste system on top of them - yeah that will fix everything.
Africa? Historic Epic Economic Fail - now infested with Islam.
The Muslim World? The pinnacle of economic success in the Muslim world is Turkey. When the Saudi Oil starts running low - they are done. Saudi Arabia has been completely unable to turn all their oil money into any kind of economic engine. In any case - if the US goes down - who will the Saudis sell all that oil to? Enough said.
South America? We're worried about becoming a Banana Republic - remember?
Canada? Australia? Not enough people - stifling socialist governments? Never happen.
No matter how bad things get here - and they are going to get bad - the rest of the world depends on us like we're an economic crutch.
Posted by: An Observation at October 17, 2011 06:39 AM (ylhEn)
Posted by: Empire of Jeff at October 17, 2011 06:41 AM (vzFJV)
Posted by: dogfish at October 17, 2011 06:44 AM (Dt0jc)
He recently moved his campaign headquarters to NH and is concentrating efforts there only. I suspect he will drop out after Romney wins NH. Romney will then pick up a few points.
Posted by: Vic at October 17, 2011 06:44 AM (M9Ie6)
________
You'll need to think up some catchy slogans about how the Jooooos! 1% run the emissions control systems conspiracy.
Posted by: Anachronda at October 17, 2011 06:44 AM (6fER6)
What are his principles? What vision does he have for us? What positions does he have for the most important issues of the next decade or so? How does he propose to accomplish them?
Posted by: I'm in a New York state of mind at October 17, 2011 06:45 AM (4sQwu)
__________
Speaking of which, I note that shortly after Issa was talking about subpeonaing Obama's Blackberry, the Blackberry network melted down. Coincidence?
Posted by: Anachronda wears a tinfoil hat at October 17, 2011 06:46 AM (6fER6)
City employee unions, graft and corruption will drain the coffers faster than anything and those expenses never decrease.
The best thing that can happen is to allow those cities to go bankrupt and kill all those union contracts made by corrupt officials. The problem is that the feds keep bailing them out.
Posted by: Vic at October 17, 2011 06:47 AM (M9Ie6)
Posted by: I'm in a New York state of mind
...........
MittRomney.com
Posted by: Chi-Town Jerry at October 17, 2011 06:47 AM (f9c2L)
I see a flaw in your plan - the OWSers expect everything for free. "Hey look, food just showed up, exactly like when mom makes it at home".
__________
Yeah, but if set up an #OccupyExxon website storefront, he can pull in fees from all over the world.
Posted by: Anachronda wears a tinfoil hat at October 17, 2011 06:48 AM (6fER6)
________
Hmm. I wonder if anyone's registered a trademark on #Occupy...
Posted by: Anachronda at October 17, 2011 06:49 AM (6fER6)
Posted by: sickinmass
...........
In any case it will be bad for us.
We export 170 Billion (in Euros) to them - that was 2010 numbers. Anyone who relishes seeing Europe crash is pretty stupid.
Posted by: Chi-Town Jerry at October 17, 2011 06:50 AM (f9c2L)
Tarrant County needs some of that Obama-styled efficiency:
About four years ago, work began on a software program to enable Tarrant County residents summoned for jury duty in the criminal courts to check their duty status online.
But as the project began, the county's computer department would send the courts a new project manager every three months, Tarrant County District Court Judge George Gallagher said.
And every time, he says, that new manager had to start over.
---
Sheriff Dee Anderson, District Clerk Tom Wilder, justices of the peace, attorneys, other district court judges and the former county clerk have been up in arms at various times over issues with IT systems. The problems, they say, include repeated delays, outages, poor communications and systems that don't work.
As a result, criminal files have occasionally disappeared or have contained outdated or incomplete information, e-mails show. The searchable docket for the criminal courts have had wrong times and missing cases.
Problems with the Automated Judgment Preparation System meant that the county could have had to stop taking prisoners to the Texas Department of Corrections, a 2009 e-mail warned.
County officials lay blame on poor planning, prioritization, skills and leadership, according to e-mails obtained through the Texas Public Information Act.
Posted by: LC LaWedgie at October 17, 2011 06:53 AM (0It32)
When EuropeÂ’s Sovereign Debt Crisis Hits Home
But first, letÂ’s look at how the shockwaves from a crisis in Europe might emanate across the Atlantic. The European and the American economies are deeply intertwined. Trade is the major channel through which ongoing stress in the European Union will affect the United States. In 2010, 22.5 percent, or $412 billion worth, of U.S. exports in goods and services went to the European Union. A sharp economic downturn in Europe means demand for U.S. products and services is likely to decline significantly.
Posted by: Chi-Town Jerry at October 17, 2011 06:54 AM (f9c2L)
Socialists making demands of (Jewish) bankers. This morning, Mika's dad called for a list of the millionaires to be published.
Where have I heard this story before???
Posted by: cherry pi at October 17, 2011 06:55 AM (OhYCU)
It hurts.
The war to keep the lights on in Detroit is a serious one. Thieves, antiquated equipment and a lack of funding have made it impossible for city officials to catch up to the problem.
Posted by: sickinmass at October 17, 2011 10:51 AM (1rflU)
Detroit: The Heart of Darkness
Posted by: WalrusRex at October 17, 2011 06:56 AM (Hx5uv)
Posted by: Hussein the Plumber at October 17, 2011 09:57 AM (jx2j9)
That's just it....we even make dumber hippies these days.....and they stink more, too.
Posted by: American hippie Manufacturers' Association at October 17, 2011 06:56 AM (SPVfc)
Posted by: polynikes - Texan for Romney at October 17, 2011 06:56 AM (i9cTu)
Posted by: LC LaWedgie at October 17, 2011 06:57 AM (0It32)
What polling outfits do we like for scientific accuracy and content?
So far my list is Ras, Gallup, Zogby (yech), PPP, and Cook.
Who else? Thanks.
Posted by: Truman North's fucking off in class at October 17, 2011 06:58 AM (e8YaH)
Hey, at least I haven't asked they wear yellow stars - yet...
Posted by: Mika's Sperm Donor at October 17, 2011 07:00 AM (136wp)
This is the end product of socialism. It first destroys the fabric of society and then it bankrupts the government. The purpose of government is to make looting too expensive as a means of support. When the government itself begins to encourage looting the productive members of society leave and the source of income leaves with them.
But applying Krugman rules, Detroit should have zero unemployment because they have 100% broken windows and utility poles that need replacing.
Posted by: Vic at October 17, 2011 07:00 AM (M9Ie6)
After the primaries, Ras is probably the best. But none of them are truly accurate.
Posted by: Vic at October 17, 2011 07:01 AM (M9Ie6)
Posted by: phoenixgirl at October 17, 2011 07:02 AM (eOXTH)
Posted by: Truman North's fucking off in class at October 17, 2011 07:02 AM (e8YaH)
Posted by: phoenixgirl at October 17, 2011 07:03 AM (eOXTH)
Posted by: Honey Badger at October 17, 2011 07:03 AM (GvYeG)
Posted by: Truman North's fucking off in class at October 17, 2011 11:02 AM (e8YaH)
I'll be your Pollster....and I AM exotic!
Posted by: Pole Dancer's for Capitalism at October 17, 2011 07:04 AM (SPVfc)
Exotic as in lack of any accuracy? Use that recent NBC poll and show how they tilted it.
Posted by: Vic at October 17, 2011 07:04 AM (M9Ie6)
Ha that kitteh made me smile!
The rest of the post not so much.
Interesting article in our local weekly paper last week, about how birthrates are down, as is public school enrollment. Given that the financial crisis didn't really pop until 2008, the real downgrade in school enrollment hasn't even started yet.
The reverse boomer demographics are going to be a tough pill to swallow.
Posted by: Boots at October 17, 2011 07:05 AM (neKzn)
Posted by: polynikes - Texan for Romney at October 17, 2011 07:05 AM (i9cTu)
Posted by: DarkLord© sez Obama is a stuttering clusterf--- of a miserable failure
Oh, and F--- Nevada! at October 17, 2011 07:07 AM (GBXon)
Posted by: Truman North's fucking off in class at October 17, 2011 07:08 AM (e8YaH)
Posted by: Empire of Jeff at October 17, 2011 07:09 AM (XE2Oo)
Posted by: polynikes - Texan for Romney at October 17, 2011 07:10 AM (i9cTu)
Posted by: George Orwell what knows Obama is a stuttering clusterfuck of a miserable failure at October 17, 2011 07:11 AM (AZGON)
Scrabble player demands strip-search of opponent after letter 'G' goes missing
(Look in the G spot)
Posted by: cherry pi at October 17, 2011 07:13 AM (OhYCU)
Posted by: Smaug at October 17, 2011 07:14 AM (OlN4e)
Posted by: WalrusRex at October 17, 2011 07:14 AM (Hx5uv)
Posted by: polynikes - Texan for Romney at October 17, 2011 07:14 AM (i9cTu)
Posted by: HeartlessBlackOrchid at October 17, 2011 07:15 AM (SB0V2)
Posted by: mike at October 17, 2011 07:16 AM (JReQl)
Posted by: HeartlessBlackOrchid at October 17, 2011 07:16 AM (SB0V2)
Posted by: phoenixgirl at October 17, 2011 07:19 AM (eOXTH)
I highly doubt that.
New York state of mind writes in complete sentences, expresses thoughts clearly, doesn't spam links, and doesn't talk about what its friends are thinking.
Posted by: Waterhouse at October 17, 2011 07:19 AM (eHr/6)
Posted by: HeartlessBlackOrchid at October 17, 2011 07:20 AM (SB0V2)
Posted by: President of the Oprah fan club at October 17, 2011 07:20 AM (Hx5uv)
Sure, make Eric Prince's marketing easier
Posted by: Jean at October 17, 2011 07:21 AM (WkuV6)
And one wonders why it is going bankrupt.
Posted by: Vic at October 17, 2011 07:23 AM (M9Ie6)
Posted by: Honey Badger at October 17, 2011 07:25 AM (GvYeG)
Posted by: polynikes - Texan for Romney at October 17, 2011 07:26 AM (i9cTu)
Posted by: HeartlessBlackOrchid at October 17, 2011 07:27 AM (SB0V2)
NYSOM is not curious. The hash does not match and curious have never changed her hash.
Posted by: Vic at October 17, 2011 07:28 AM (M9Ie6)
GDP of 5% with an uptick
Not so great for #OccupyReykjavik
Description: Wind The weather forecast in Iceland until tomorrow: Increasing north wind, widely gale or strong gale today, but lighter in the east until afternoon. Sleet or snow in the north, rain in the east, elsewhere mostly dry. Blowing ash may be expected in the south part. Temperature 0 to 8 deg. C, mildest in the southeast, but around zero deg. in the evening. Decreasing wind and clearing tomorrow, especially in the afternoon, but snowshowers in the northeast and east parts. Becoming colder.
Posted by: The Robot Devil at October 17, 2011 07:30 AM (136wp)
And one wonders why it is going bankrupt.
Posted by: Vic at October 17, 2011 11:23 AM (M9Ie6)
Not that I disagree with your SSDI fraud stance but in this case the people getting the checks weren't defrauding the system.
Posted by: Tami-Cardinals! at October 17, 2011 07:30 AM (X6akg)
How do we know?
Posted by: Vic at October 17, 2011 07:32 AM (M9Ie6)
Posted by: Truman North's fucking off in class at October 17, 2011 07:34 AM (e8YaH)
With a community agitator/organizer in the White House, it is no surprise that we have people in the streets echoing his message......the timing of it illustrates the underlying agenda of this administration.
It is just in time for the election cycle.
In 2009, I remember seeing powers being given to the Executive Branch by the Dem-controlled Congress, that were contingent upon an 'emergency' being present.....a 'crisis' stiuation.
So when a power-hungry potus has been given new powers that need only an emergency situation in order to activate them......crisis manufacturing will be necessary.
Does anyone remember what that thing was called that gives the SCoaMF the power to take control of the Internet? .....And does that include phone service too?
Posted by: ConservativeMenAreJustHotter at October 17, 2011 07:35 AM (KlQqQ)
Posted by: Truman North's fucking off in class at October 17, 2011 07:39 AM (e8YaH)
Posted by: Vic at October 17, 2011 11:32 AM (M9Ie6)
Well if the news reports are correct (I know...I know), there were four mentally disabled, malnourished people, chained to a boiler in a 10 x 10 locked basement room who were having their SSDI checks stolen.
Posted by: Tami-Cardinals! at October 17, 2011 07:39 AM (X6akg)
" But equities will be under pressure as well as the Boomers continue their retirement and begin to sell the assets in their 401(k) and IRAs -- they will be selling their stocks into a buyerÂ’s market, driving prices for equities down."
Not sure you're getting this whole stock market thingy. Corporations are not commodities, they are organizations created to produce wealth. They could just as easily meet Boomers' needs for cash by issuing or increasing dividends.
Posted by: wtp at October 17, 2011 07:46 AM (wEYaf)
Yes, I think it was called I won! And also having Eric Holder as Attorney General. Can you imagine Holder filing charges against Obamao for anything he does? Can you imagine the Senate convicting him in Impeachment proceedings? We would have to have a 70 vote majority just to get past all the RINOs who think him an "Honorable Man". Hey McCain, did you think that Vietnamese prison commandant was an "Honorable Man"?
Posted by: An Observation at October 17, 2011 07:52 AM (ylhEn)
Posted by: HeartlessBlackOrchid at October 17, 2011 07:53 AM (SB0V2)
Not sure you're getting this whole stock market thingy. Corporations are not commodities, they are organizations created to produce wealth. They could just as easily meet Boomers' needs for cash by issuing or increasing dividends.
Posted by: wtp at October 17, 2011 11:46 AM (wEYaf)
Not all stocks pay dividends, by a long shot. I bet that a major portion of the Boomers' collective investments are in capital gains plays, rather that divi payers. And the corporations aren't going to increase dividends out of charity - there needs to be a business case and there needs to be enough cash flow to make it possible. Declining consumption by retiring boomers may drag down the economy even further, leading to reduced profitability.
Posted by: Reactionary at October 17, 2011 07:56 AM (xUM1Q)
...Can you imagine the Senate convicting him in Impeachment proceedings? We would have to have a 70 vote majority just to get past all the RINOs who think him an "Honorable Man".
Even with a 70 vote majority......its doubtful that a majority would want to go down in history as having voted to impeach 'the first black president'. ....So alas, we are stuck with the sob until we can vote him out.
Posted by: ConservativeMenAreJustHotter at October 17, 2011 07:57 AM (KlQqQ)
Well if the news reports are correct (I know...I know), there were four mentally disabled, malnourished people, chained to a boiler in a 10 x 10 locked basement room who were having their SSDI checks stolen.
Posted by: Tami-Cardinals! at October 17, 2011 11:39 AM (X6akg)
How disturbing! It should be a hanging offense. Yet I bet those responsible will serve little, if any, time for it. How is it that we are willing to tolerate such gross injustice?
Posted by: Reactionary at October 17, 2011 07:59 AM (xUM1Q)
Funny. The Commies say that unregulated capitalism will self-destruct. Why do all of the commies try to regulate capitalism then? Maybe they're fascists. Why do I even ask?
Morons of the World, Unite!
Posted by: The Poster Formerly Known as Mr. Barky at October 17, 2011 07:59 AM (qwK3S)
Somebody can't do arithmetic. Try again.
Suppose there was a law requiring corporations to issue 1/2 of their profits as dividends. That would put an actual base underneath the stock market. A top flight well run business returns 8% a year as profits. If you owned $100,000 worth of stock you would get $4,000 per year in dividends. To barely survive on dividend income each Boomer would have to own $300,000 worth of stock. That would pay $12,000 per year. Have you tried to live on that amount in 2011.
Posted by: An Observation at October 17, 2011 08:00 AM (ylhEn)
Posted by: HeartlessBlackOrchid at October 17, 2011 08:00 AM (SB0V2)
"Not all stocks pay dividends, by a long shot. " - What's that got to do with anything? Are they restricted from issuing them? It's a function of tax code, most definitely, but at some point it would become necessary. Even still, you're missing the point that over the long term, the supply/demand for stocks is driven more by the wealth that they create.
You are correct in that profits today are mostly accumulated and released via capital gains. But dividends are not "charity". They are a means of returning value to the investor. And the investors, in the aggrigate, have a say in whether or not dividends are issued. Now it is true that this will reduce a corporation's ability to reinvest in itself via it's own profits, but that does not necessarily create a death spiral. Many of the strongest stocks in this recessionary/bear market of the last 5 years or so pay dividends.
Posted by: wtp at October 17, 2011 08:09 AM (kC3nL)
utilities typically are among the highest dividend paying stocks there are AND they are very safe when compared with other stocks. This is why they are a favorite for retirement funds when nearing retirement.
They normally pay somewhere around 5%; Duke Energy yeild is currently 5.02%.
Posted by: Vic at October 17, 2011 08:11 AM (M9Ie6)
Obviously they didn't charge her with kidnapping.
Posted by: Vic at October 17, 2011 08:14 AM (M9Ie6)
"Somebody can't do arithmetic. Try again." - Yeah, have you looked at your stock portfolio and discussed it with a financial analyst? 4% is precisely what most conservative analysts say you should be drawing out of your account anyway. I got news for you buddy, you're gonna need a LOT more than 300K to retire. But you are also forgetting that the other 4% would go back into growing the corporation, plus SS (yeah, right) and the possibility of some form of simple employment. Also, at some point, you're gonna cut into your principle. When you're 95 are you still going to need a long term revenue stream from that 300K?
Posted by: wtp at October 17, 2011 08:17 AM (kC3nL)
Posted by: Vic at October 17, 2011 08:38 AM (M9Ie6)
Posted by: wtp at October 17, 2011 08:45 AM (L51+P)
Posted by: wtp at October 17, 2011 08:46 AM (L51+P)
Yeah, I have been looking at that because I am going to have to start those withdrawals. The other issue is the "surviving spouse" getting factored in.
In addition, that is the "minimum" withdrawal. You can take more, but if I am not mistaken it must be equal amounts.
Posted by: Vic at October 17, 2011 08:54 AM (M9Ie6)
When you factor in dividends, interest, retirement payouts, AND those minimum withdrawals it puts you right back up into those higher brackets.
What's more, dividends from a 401K are not "qualified" dividends for the reduced amount of taxes from the "Bush tax cuts for the rich".
Posted by: Vic at October 17, 2011 09:03 AM (M9Ie6)
Posted by: HeartlessBlackOrchid at October 17, 2011 11:20 AM (SB0V2)
I prosecute Worker Comp Fraud in Nevada.....wish I had THIS case!
Posted by: giftogab at October 17, 2011 10:19 AM (SPVfc)
Posted by: steevy at October 17, 2011 02:01 PM (fyOgS)
we can machining the parts used in Industrial equipments, Marine equipments, Automotive, Shipbuilding, Hydraulic tools, Pumps, Valves, machinery, Medical devices and Home appliances, Petrochemical Equipment, Construction Machinery, Aviation Equipment, Industrial Connector and Communications Equipment.
Posted by: bsdbsn at October 18, 2011 06:54 PM (ACm1b)
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Posted by: David, infamous sockpuppet at October 17, 2011 04:51 AM (UtoLw)